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NBC and Microsoft, Together Again | |
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| Time: 08:43 EST/13:43 GMT | News Source: Press Release | Posted By: Byron Hinson | ||
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On the surface it looked like a humbling defeat. After losing a fortune on its Internet portal NBCi, the Peacock Network earlier this month shelled out an additional $85 million for the remaining NBCi stock and began dismantling the site. But that's not the whole story. Even as it was exiting the portal business, NBC's executives were nailing down the details of a new Internet strategy, which is set to be unveiled this week, The Standard has learned. The first objective will be another joint venture with Microsoft - a 10-year agreement that will merge finance site CNBC.com and MSN MoneyCentral. The new site will be called CNBC MoneyCentral. | ||
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